This Act, consisting of 94 sections divided into six Parts and completed by five Schedules, establishes corporations with the function of providing water services. The Act specifies composition, duties and responsibilities of the Water Corporations. The functions of a corporation are: a) to acquire, store, treat, distribute, market and otherwise supply water for any purpose; b) to collect, store, treat, market and dispose of wastewater and surplus water; c) to undertake, maintain and operate any works, system, facilities, apparatus or equipment required for any purpose referred to in paragraph (a-b); d) to use its expertise and resources to provide consultative, advisory or other services for profit; e) to develop and turn to account any technology, software or other intellectual property that relates to a function referred to in paragraph (a-c); f) to manufacture and market any product or by product that relates to a function referred to in paragraph (a-e). It is also a function of a corporation: a) to use or exploit its fixed assets for profit so long as the proper performance of its functions under paragraphs (a), (b) and (c) of subsection (1) are not affected; and to do anything that it is authorized to do by any other written law. The Act is divided as follows: Water corporations (Part 2); Functions and powers of corporations (Part 3); Provisions as to accountability (Part 4); Financial provisions (Part 5). Schedules specify the following issues: Provisions as to constitution and proceedings of board; Provisions as to duties of directors and related provisions; Financial administration and audit; Provisions to be included in articles of association of subsidiaries; and Transitional provisions.
澳大利亚 · 1995-12-27